Overview
What is Monarch Housing Associates Inc?
Monarch Housing Associates Inc, located at 226 North Avenue West, Cranford, New Jersey, is a dedicated nonprofit organization with a mission to eradicate homelessness in the state. They accomplish this by focusing on planning, developing, and advocating for affordable and mixed-income housing for various populations, including seniors, families, and individuals with special needs. Their expertise, spanning over three decades, has made them a leading housing consulting team in New Jersey. In an impressive display of commitment, Monarch recently hosted a successful conference, attracting over 300 attendees for the Housing as a Human Right event. With a team of 16 dedicated individuals, Monarch Housing Associates Inc continues to work tirelessly towards ensuring everyone has access to quality, affordable, and permanent housing that fosters independence and personal growth.
Official website here: www.monarchhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Stars
Monarch Housing Associates Inc has earned an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The rating is based entirely on their Accountability & Finance score, which showcases their transparency and responsible management of funds. Their fiscal year 2022 performance indicates a well-structured organization that prioritizes effective governance and financial integrity.
The organization has demonstrated exceptional governance practices, with a fully independent board and comprehensive policies in place, including conflict of interest and whistleblower protections. Their financial statements are audited and reveal no material diversions of assets, affirming their reliability as a nonprofit. Furthermore, their program expense ratio of 77.13% indicates a significant commitment to utilizing funds directly for their mission.
While the data highlights numerous strengths, potential donors and stakeholders should consider that the rating is solely focused on accountability and finance. Additional information regarding program effectiveness or community impact may provide a more comprehensive view of the organization's overall performance. Nonetheless, the current rating indicates Monarch Housing Associates Inc is a trustworthy organization with a solid track record in financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Monarch Housing Associates Inc legitimate?
Monarch Housing Associates Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monarch Housing Associates Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $119,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $658,966
For more financial information, click here
Official website here: www.monarchhousing.org
What is the mission statement of Monarch Housing Associates Inc?
Monarch Housing Associates Inc is committed to providing quality, affordable, and permanent housing that promotes freedom and independence for all. Their mission extends beyond just housing, aiming to expand the supply, accessibility, and variety of such housing through development, planning, advocacy, and partnerships. Additionally, the Homeless Planning Team, a part of Monarch Housing Associates Inc, strives to end homelessness in New Jersey by implementing strategic planning and creating housing opportunities for various demographics. The organization's Housing Development Team, with decades of experience, assists clients in developing affordable and mixed-income rental housing for various populations, including seniors, families, and individuals with special needs.
Official website here: www.monarchhousing.org
Who is the CEO of Monarch Housing Associates Inc?
Taiisa Kelly is the Chairperson of Monarch Housing Associates Inc. The CEO's salary of Monarch Housing Associates Inc is $137,013 and their total compensation is $137,013.
Official website here: www.monarchhousing.org
What is the revenue of Monarch Housing Associates Inc?
Monarch Housing Associates Inc's revenue in 2022 was $1,532,792.
Official website here: www.monarchhousing.org
Who are the executives of Monarch Housing Associates Inc and what are their salaries?
The average compensation at Monarch Housing Associates Inc during 2022 was $48,673. There are 16 employees at Monarch Housing Associates Inc.
Here are 11 key members and their salaries (Monarch Housing Associates Inc's CEO's salary is $137,013 and their total compensation is $137,013):
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- Compensation: $137,013
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Official website here: www.monarchhousing.org
Where can I find the form 990 for Monarch Housing Associates Inc?
Monarch Housing Associates Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.monarchhousing.org
Learn more at the official website: www.monarchhousing.org
Mission Statement of Monarch Housing Associates Inc
Monarch Housing Associates Inc, as a nonprofit organization, is committed to ensuring that every individual has access to quality, affordable, and permanent housing. This mission is underpinned by the desire to foster freedom and independence for these individuals. The organization goes beyond just providing housing; it aims to expand the supply, accessibility, and variety of such housing options. Monarch Housing Associates Inc achieves this through various means, including development, planning, advocacy, and strategic partnerships.
In addition to its housing mission, Monarch Housing Associates Inc also houses the Homeless Planning Team (HPT). This team's mission is to contribute to the elimination of homelessness in New Jersey by employing strategic planning and creating housing opportunities for all segments of the population. The Housing Development Team, a division of Monarch Housing Associates Inc, is a renowned entity with over three decades of experience in the field. It specializes in developing affordable and mixed-income rental housing for various demographics, including seniors, families, and individuals with special needs.
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Impact
October, 2024
Monarch Housing Associates Inc. fosters significant change in the housing landscape, ensuring that every individual has access to quality, affordable, and permanent housing. Their commitment extends to enhancing the supply, accessibility, and variety of housing options through dedicated development, strategic planning, advocacy, and strong partnerships.
One of their notable achievements includes organizing a successful conference titled "Housing as a Human Right," which attracted over 300 participants. This event underscored their dedication to raising awareness about housing issues and positioning housing as a fundamental human right.
Through the efforts of their Homeless Planning Team, Monarch works tirelessly to end homelessness in New Jersey by developing comprehensive planning strategies and creating housing opportunities tailored to the needs of diverse populations. Their Housing Development Team brings three decades of expertise in consulting and development, focusing on affordable and mixed-income rental housing for seniors, families, and individuals with special needs.
Overall, Monarch Housing Associates Inc. plays a vital role in transforming the housing landscape, advocating for those in need, and fostering an inclusive community where independence and freedom are accessible to all.
This information is meant to be a general summary of Monarch Housing Associates Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $24,417
- Program Service Revenue: $1,300,174
- Gross Receipts: $1,532,792
Assets and Liabilities:
- Total Assets: $1,691,205
- Total Liabilities: $785,056
- Net Assets: $906,149
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSULTING
Revenue
$1,300,174
Organization Details
Founding Year
1990
Phone
(908) 272-5363Principal Officer
Taiisa Kelly
Main Address
226 NORTH AVENUE WEST, CRANFORD, NJ, 07016
Website
www.monarchhousing.orgNTEE Category
Code: L80Z - Housing
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